Savings Plan and Future Cost Estimation for Mary Baldwin College

How much will it cost and what do you need to save?

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$170,274
Monthly savings required$1,346

How much will it cost to send your child to Mary Baldwin College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $681,094.39 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,345.72 into a 529 or other college savings plan earning and after tax or tax exempt return of 7% will be necessary to achieve this balance.

Assumptions

Current Annual Cost$45,386.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,345.72 $0.00 $0.00 $1,345.72
2 $1,345.72 $1,345.72 $0.00 $7.61 $2,699.05
3 $2,699.05 $1,345.72 $0.00 $15.26 $4,060.03
4 $4,060.03 $1,345.72 $0.00 $22.96 $5,428.71
5 $5,428.71 $1,345.72 $0.00 $30.69 $6,805.12
6 $6,805.12 $1,345.72 $0.00 $38.48 $8,189.32
7 $8,189.32 $1,345.72 $0.00 $46.30 $9,581.34
8 $9,581.34 $1,345.72 $0.00 $54.17 $10,981.23
9 $10,981.23 $1,345.72 $0.00 $62.09 $12,389.04
10 $12,389.04 $1,345.72 $0.00 $70.05 $13,804.81
11 $13,804.81 $1,345.72 $0.00 $78.05 $15,228.58
12 $15,228.58 $1,345.72 $0.00 $86.10 $16,660.40
13 $16,660.40 $1,345.72 $0.00 $94.20 $18,100.32
14 $18,100.32 $1,345.72 $0.00 $102.34 $19,548.38
15 $19,548.38 $1,345.72 $0.00 $110.53 $21,004.63
16 $21,004.63 $1,345.72 $0.00 $118.76 $22,469.11
17 $22,469.11 $1,345.72 $0.00 $127.04 $23,941.87
18 $23,941.87 $1,345.72 $0.00 $135.37 $25,422.96
19 $25,422.96 $1,345.72 $0.00 $143.75 $26,912.43
20 $26,912.43 $1,345.72 $0.00 $152.17 $28,410.32
21 $28,410.32 $1,345.72 $0.00 $160.64 $29,916.68
22 $29,916.68 $1,345.72 $0.00 $169.15 $31,431.55
23 $31,431.55 $1,345.72 $0.00 $177.72 $32,954.99
24 $32,954.99 $1,345.72 $0.00 $186.33 $34,487.04
25 $34,487.04 $1,345.72 $0.00 $194.99 $36,027.75
26 $36,027.75 $1,345.72 $0.00 $203.71 $37,577.18
27 $37,577.18 $1,345.72 $0.00 $212.47 $39,135.37
28 $39,135.37 $1,345.72 $0.00 $221.28 $40,702.37
29 $40,702.37 $1,345.72 $0.00 $230.14 $42,278.23
30 $42,278.23 $1,345.72 $0.00 $239.05 $43,863.00
31 $43,863.00 $1,345.72 $0.00 $248.01 $45,456.73
32 $45,456.73 $1,345.72 $0.00 $257.02 $47,059.47
33 $47,059.47 $1,345.72 $0.00 $266.08 $48,671.27
34 $48,671.27 $1,345.72 $0.00 $275.19 $50,292.18
35 $50,292.18 $1,345.72 $0.00 $284.36 $51,922.26
36 $51,922.26 $1,345.72 $0.00 $293.58 $53,561.56
37 $53,561.56 $1,345.72 $0.00 $302.84 $55,210.12
38 $55,210.12 $1,345.72 $0.00 $312.17 $56,868.01
39 $56,868.01 $1,345.72 $0.00 $321.54 $58,535.27
40 $58,535.27 $1,345.72 $0.00 $330.97 $60,211.96
41 $60,211.96 $1,345.72 $0.00 $340.45 $61,898.13
42 $61,898.13 $1,345.72 $0.00 $349.98 $63,593.83
43 $63,593.83 $1,345.72 $0.00 $359.57 $65,299.12
44 $65,299.12 $1,345.72 $0.00 $369.21 $67,014.05
45 $67,014.05 $1,345.72 $0.00 $378.91 $68,738.68
46 $68,738.68 $1,345.72 $0.00 $388.66 $70,473.06
47 $70,473.06 $1,345.72 $0.00 $398.46 $72,217.24
48 $72,217.24 $1,345.72 $0.00 $408.33 $73,971.29
49 $73,971.29 $1,345.72 $0.00 $418.24 $75,735.25
50 $75,735.25 $1,345.72 $0.00 $428.22 $77,509.19
51 $77,509.19 $1,345.72 $0.00 $438.25 $79,293.16
52 $79,293.16 $1,345.72 $0.00 $448.34 $81,087.22
53 $81,087.22 $1,345.72 $0.00 $458.48 $82,891.42
54 $82,891.42 $1,345.72 $0.00 $468.68 $84,705.82
55 $84,705.82 $1,345.72 $0.00 $478.94 $86,530.48
56 $86,530.48 $1,345.72 $0.00 $489.26 $88,365.46
57 $88,365.46 $1,345.72 $0.00 $499.63 $90,210.81
58 $90,210.81 $1,345.72 $0.00 $510.07 $92,066.60
59 $92,066.60 $1,345.72 $0.00 $520.56 $93,932.88
60 $93,932.88 $1,345.72 $0.00 $531.11 $95,809.71
61 $95,809.71 $1,345.72 $0.00 $541.72 $97,697.15
62 $97,697.15 $1,345.72 $0.00 $552.39 $99,595.26
63 $99,595.26 $1,345.72 $0.00 $563.13 $101,504.11
64 $101,504.11 $1,345.72 $0.00 $573.92 $103,423.75
65 $103,423.75 $1,345.72 $0.00 $584.77 $105,354.24
66 $105,354.24 $1,345.72 $0.00 $595.69 $107,295.65
67 $107,295.65 $1,345.72 $0.00 $606.67 $109,248.04
68 $109,248.04 $1,345.72 $0.00 $617.70 $111,211.46
69 $111,211.46 $1,345.72 $0.00 $628.81 $113,185.99
70 $113,185.99 $1,345.72 $0.00 $639.97 $115,171.68
71 $115,171.68 $1,345.72 $0.00 $651.20 $117,168.60
72 $117,168.60 $1,345.72 $0.00 $662.49 $119,176.81
73 $119,176.81 $1,345.72 $0.00 $673.84 $121,196.37
74 $121,196.37 $1,345.72 $0.00 $685.26 $123,227.35
75 $123,227.35 $1,345.72 $0.00 $696.75 $125,269.82
76 $125,269.82 $1,345.72 $0.00 $708.29 $127,323.83
77 $127,323.83 $1,345.72 $0.00 $719.91 $129,389.46
78 $129,389.46 $1,345.72 $0.00 $731.59 $131,466.77
79 $131,466.77 $1,345.72 $0.00 $743.33 $133,555.82
80 $133,555.82 $1,345.72 $0.00 $755.14 $135,656.68
81 $135,656.68 $1,345.72 $0.00 $767.02 $137,769.42
82 $137,769.42 $1,345.72 $0.00 $778.97 $139,894.11
83 $139,894.11 $1,345.72 $0.00 $790.98 $142,030.81
84 $142,030.81 $1,345.72 $0.00 $803.06 $144,179.59
85 $144,179.59 $1,345.72 $0.00 $815.21 $146,340.52
86 $146,340.52 $1,345.72 $0.00 $827.43 $148,513.67
87 $148,513.67 $1,345.72 $0.00 $839.72 $150,699.11
88 $150,699.11 $1,345.72 $0.00 $852.07 $152,896.90
89 $152,896.90 $1,345.72 $0.00 $864.50 $155,107.12
90 $155,107.12 $1,345.72 $0.00 $877.00 $157,329.84
91 $157,329.84 $1,345.72 $0.00 $889.57 $159,565.13
92 $159,565.13 $1,345.72 $0.00 $902.20 $161,813.05
93 $161,813.05 $1,345.72 $0.00 $914.91 $164,073.68
94 $164,073.68 $1,345.72 $0.00 $927.70 $166,347.10
95 $166,347.10 $1,345.72 $0.00 $940.55 $168,633.37
96 $168,633.37 $1,345.72 $0.00 $953.48 $170,932.57
97 $170,932.57 $1,345.72 $0.00 $966.48 $173,244.77
98 $173,244.77 $1,345.72 $0.00 $979.55 $175,570.04
99 $175,570.04 $1,345.72 $0.00 $992.70 $177,908.46
100 $177,908.46 $1,345.72 $0.00 $1,005.92 $180,260.10
101 $180,260.10 $1,345.72 $0.00 $1,019.22 $182,625.04
102 $182,625.04 $1,345.72 $0.00 $1,032.59 $185,003.35
103 $185,003.35 $1,345.72 $0.00 $1,046.04 $187,395.11
104 $187,395.11 $1,345.72 $0.00 $1,059.56 $189,800.39
105 $189,800.39 $1,345.72 $0.00 $1,073.16 $192,219.27
106 $192,219.27 $1,345.72 $0.00 $1,086.84 $194,651.83
107 $194,651.83 $1,345.72 $0.00 $1,100.59 $197,098.14
108 $197,098.14 $1,345.72 $0.00 $1,114.42 $199,558.28
109 $199,558.28 $1,345.72 $0.00 $1,128.33 $202,032.33
110 $202,032.33 $1,345.72 $0.00 $1,142.32 $204,520.37
111 $204,520.37 $1,345.72 $0.00 $1,156.39 $207,022.48
112 $207,022.48 $1,345.72 $0.00 $1,170.54 $209,538.74
113 $209,538.74 $1,345.72 $0.00 $1,184.76 $212,069.22
114 $212,069.22 $1,345.72 $0.00 $1,199.07 $214,614.01
115 $214,614.01 $1,345.72 $0.00 $1,213.46 $217,173.19
116 $217,173.19 $1,345.72 $0.00 $1,227.93 $219,746.84
117 $219,746.84 $1,345.72 $0.00 $1,242.48 $222,335.04
118 $222,335.04 $1,345.72 $0.00 $1,257.11 $224,937.87
119 $224,937.87 $1,345.72 $0.00 $1,271.83 $227,555.42
120 $227,555.42 $1,345.72 $0.00 $1,286.63 $230,187.77
121 $230,187.77 $1,345.72 $0.00 $1,301.52 $232,835.01
122 $232,835.01 $1,345.72 $0.00 $1,316.48 $235,497.21
123 $235,497.21 $1,345.72 $0.00 $1,331.54 $238,174.47
124 $238,174.47 $1,345.72 $0.00 $1,346.67 $240,866.86
125 $240,866.86 $1,345.72 $0.00 $1,361.90 $243,574.48
126 $243,574.48 $1,345.72 $0.00 $1,377.21 $246,297.41
127 $246,297.41 $1,345.72 $0.00 $1,392.60 $249,035.73
128 $249,035.73 $1,345.72 $0.00 $1,408.08 $251,789.53
129 $251,789.53 $1,345.72 $0.00 $1,423.65 $254,558.90
130 $254,558.90 $1,345.72 $0.00 $1,439.31 $257,343.93
131 $257,343.93 $1,345.72 $0.00 $1,455.06 $260,144.71
132 $260,144.71 $1,345.72 $0.00 $1,470.90 $262,961.33
133 $262,961.33 $1,345.72 $0.00 $1,486.82 $265,793.87
134 $265,793.87 $1,345.72 $0.00 $1,502.84 $268,642.43
135 $268,642.43 $1,345.72 $0.00 $1,518.94 $271,507.09
136 $271,507.09 $1,345.72 $0.00 $1,535.14 $274,387.95
137 $274,387.95 $1,345.72 $0.00 $1,551.43 $277,285.10
138 $277,285.10 $1,345.72 $0.00 $1,567.81 $280,198.63
139 $280,198.63 $1,345.72 $0.00 $1,584.28 $283,128.63
140 $283,128.63 $1,345.72 $0.00 $1,600.85 $286,075.20
141 $286,075.20 $1,345.72 $0.00 $1,617.51 $289,038.43
142 $289,038.43 $1,345.72 $0.00 $1,634.27 $292,018.42
143 $292,018.42 $1,345.72 $0.00 $1,651.11 $295,015.25
144 $295,015.25 $1,345.72 $0.00 $1,668.06 $298,029.03
145 $298,029.03 $1,345.72 $0.00 $1,685.10 $301,059.85
146 $301,059.85 $1,345.72 $0.00 $1,702.24 $304,107.81
147 $304,107.81 $1,345.72 $0.00 $1,719.47 $307,173.00
148 $307,173.00 $1,345.72 $0.00 $1,736.80 $310,255.52
149 $310,255.52 $1,345.72 $0.00 $1,754.23 $313,355.47
150 $313,355.47 $1,345.72 $0.00 $1,771.76 $316,472.95
151 $316,472.95 $1,345.72 $0.00 $1,789.38 $319,608.05
152 $319,608.05 $1,345.72 $0.00 $1,807.11 $322,760.88
153 $322,760.88 $1,345.72 $0.00 $1,824.94 $325,931.54
154 $325,931.54 $1,345.72 $0.00 $1,842.86 $329,120.12
155 $329,120.12 $1,345.72 $0.00 $1,860.89 $332,326.73
156 $332,326.73 $1,345.72 $0.00 $1,879.02 $335,551.47
157 $335,551.47 $1,345.72 $0.00 $1,897.26 $338,794.45
158 $338,794.45 $1,345.72 $0.00 $1,915.59 $342,055.76
159 $342,055.76 $1,345.72 $0.00 $1,934.03 $345,335.51
160 $345,335.51 $1,345.72 $0.00 $1,952.58 $348,633.81
161 $348,633.81 $1,345.72 $0.00 $1,971.23 $351,950.76
162 $351,950.76 $1,345.72 $0.00 $1,989.98 $355,286.46
163 $355,286.46 $1,345.72 $0.00 $2,008.84 $358,641.02
164 $358,641.02 $1,345.72 $0.00 $2,027.81 $362,014.55
165 $362,014.55 $1,345.72 $0.00 $2,046.88 $365,407.15
166 $365,407.15 $1,345.72 $0.00 $2,066.07 $368,818.94
167 $368,818.94 $1,345.72 $0.00 $2,085.36 $372,250.02
168 $372,250.02 $1,345.72 $0.00 $2,104.76 $375,700.50
169 $375,700.50 $1,345.72 $0.00 $2,124.27 $379,170.49
170 $379,170.49 $1,345.72 $0.00 $2,143.89 $382,660.10
171 $382,660.10 $1,345.72 $0.00 $2,163.62 $386,169.44
172 $386,169.44 $1,345.72 $0.00 $2,183.46 $389,698.62
173 $389,698.62 $1,345.72 $0.00 $2,203.41 $393,247.75
174 $393,247.75 $1,345.72 $0.00 $2,223.48 $396,816.95
175 $396,816.95 $1,345.72 $0.00 $2,243.66 $400,406.33
176 $400,406.33 $1,345.72 $0.00 $2,263.96 $404,016.01
177 $404,016.01 $1,345.72 $0.00 $2,284.37 $407,646.10
178 $407,646.10 $1,345.72 $0.00 $2,304.89 $411,296.71
179 $411,296.71 $1,345.72 $0.00 $2,325.53 $414,967.96
180 $414,967.96 $1,345.72 $0.00 $2,346.29 $418,659.97
181 $418,659.97 $1,345.72 $0.00 $2,367.16 $422,372.85
182 $422,372.85 $1,345.72 $0.00 $2,388.16 $426,106.73
183 $426,106.73 $1,345.72 $0.00 $2,409.27 $429,861.72
184 $429,861.72 $1,345.72 $0.00 $2,430.50 $433,637.94
185 $433,637.94 $1,345.72 $0.00 $2,451.85 $437,435.51
186 $437,435.51 $1,345.72 $0.00 $2,473.32 $441,254.55
187 $441,254.55 $1,345.72 $0.00 $2,494.92 $445,095.19
188 $445,095.19 $1,345.72 $0.00 $2,516.63 $448,957.54
189 $448,957.54 $1,345.72 $0.00 $2,538.47 $452,841.73
190 $452,841.73 $1,345.72 $0.00 $2,560.43 $456,747.88
191 $456,747.88 $1,345.72 $0.00 $2,582.52 $460,676.12
192 $460,676.12 $1,345.72 $0.00 $2,604.73 $464,626.57
193 $464,626.57 $1,345.72 $0.00 $2,627.07 $468,599.36
194 $468,599.36 $1,345.72 $0.00 $2,649.53 $472,594.61
195 $472,594.61 $1,345.72 $0.00 $2,672.12 $476,612.45
196 $476,612.45 $1,345.72 $0.00 $2,694.84 $480,653.01
197 $480,653.01 $1,345.72 $0.00 $2,717.68 $484,716.41
198 $484,716.41 $1,345.72 $0.00 $2,740.66 $488,802.79
199 $488,802.79 $1,345.72 $0.00 $2,763.76 $492,912.27
200 $492,912.27 $1,345.72 $0.00 $2,787.00 $497,044.99
201 $497,044.99 $1,345.72 $0.00 $2,810.36 $501,201.07
202 $501,201.07 $1,345.72 $0.00 $2,833.86 $505,380.65
203 $505,380.65 $1,345.72 $0.00 $2,857.50 $509,583.87
204 $509,583.87 $1,345.72 $0.00 $2,881.26 $513,810.85
205 $513,810.85 $1,345.72 $0.00 $2,905.16 $518,061.73
206 $518,061.73 $1,345.72 $0.00 $2,929.20 $522,336.65
207 $522,336.65 $1,345.72 $0.00 $2,953.37 $526,635.74
208 $526,635.74 $1,345.72 $0.00 $2,977.68 $530,959.14
209 $530,959.14 $1,345.72 $0.00 $3,002.12 $535,306.98
210 $535,306.98 $1,345.72 $0.00 $3,026.70 $539,679.40
211 $539,679.40 $1,345.72 $0.00 $3,051.43 $544,076.55
212 $544,076.55 $1,345.72 $0.00 $3,076.29 $548,498.56
213 $548,498.56 $1,345.72 $0.00 $3,101.29 $552,945.57
214 $552,945.57 $1,345.72 $0.00 $3,126.43 $557,417.72
215 $557,417.72 $1,345.72 $0.00 $3,151.72 $561,915.16
216 $561,915.16 $1,345.72 $0.00 $3,177.15 $566,438.03
217 $566,438.03 $1,345.72 $153,401.61 $3,202.72 $417,584.86
218 $417,584.86 $1,345.72 $0.00 $2,361.09 $421,291.67
219 $421,291.67 $1,345.72 $0.00 $2,382.04 $425,019.43
220 $425,019.43 $1,345.72 $0.00 $2,403.12 $428,768.27
221 $428,768.27 $1,345.72 $0.00 $2,424.32 $432,538.31
222 $432,538.31 $1,345.72 $0.00 $2,445.63 $436,329.66
223 $436,329.66 $1,345.72 $0.00 $2,467.07 $440,142.45
224 $440,142.45 $1,345.72 $0.00 $2,488.63 $443,976.80
225 $443,976.80 $1,345.72 $0.00 $2,510.31 $447,832.83
226 $447,832.83 $1,345.72 $0.00 $2,532.11 $451,710.66
227 $451,710.66 $1,345.72 $0.00 $2,554.04 $455,610.42
228 $455,610.42 $1,345.72 $0.00 $2,576.09 $459,532.23
229 $459,532.23 $1,345.72 $164,139.72 $2,598.26 $299,336.49
230 $299,336.49 $1,345.72 $0.00 $1,692.49 $302,374.70
231 $302,374.70 $1,345.72 $0.00 $1,709.67 $305,430.09
232 $305,430.09 $1,345.72 $0.00 $1,726.95 $308,502.76
233 $308,502.76 $1,345.72 $0.00 $1,744.32 $311,592.80
234 $311,592.80 $1,345.72 $0.00 $1,761.79 $314,700.31
235 $314,700.31 $1,345.72 $0.00 $1,779.36 $317,825.39
236 $317,825.39 $1,345.72 $0.00 $1,797.03 $320,968.14
237 $320,968.14 $1,345.72 $0.00 $1,814.80 $324,128.66
238 $324,128.66 $1,345.72 $0.00 $1,832.67 $327,307.05
239 $327,307.05 $1,345.72 $0.00 $1,850.64 $330,503.41
240 $330,503.41 $1,345.72 $0.00 $1,868.71 $333,717.84
241 $333,717.84 $1,345.72 $175,629.50 $1,886.89 $161,320.95
242 $161,320.95 $1,345.72 $0.00 $912.13 $163,578.80
243 $163,578.80 $1,345.72 $0.00 $924.90 $165,849.42
244 $165,849.42 $1,345.72 $0.00 $937.74 $168,132.88
245 $168,132.88 $1,345.72 $0.00 $950.65 $170,429.25
246 $170,429.25 $1,345.72 $0.00 $963.63 $172,738.60
247 $172,738.60 $1,345.72 $0.00 $976.69 $175,061.01
248 $175,061.01 $1,345.72 $0.00 $989.82 $177,396.55
249 $177,396.55 $1,345.72 $0.00 $1,003.03 $179,745.30
250 $179,745.30 $1,345.72 $0.00 $1,016.31 $182,107.33
251 $182,107.33 $1,345.72 $0.00 $1,029.66 $184,482.71
252 $184,482.71 $1,345.72 $0.00 $1,043.09 $186,871.52
253 $186,871.52 $0.00 $187,923.56 $1,056.60 $4.56